Rémy Cointreau (RCO.PA) reported that, in the first nine months of 2024-25, sales were 787.8 million euros, down 17.8% on an organic basis. On a reported basis, the decline was 17.7%. For the third quarter of 2024-25, organic decline was 21.5%, or down 20.6% as reported.
For full-year 2024-25, Rémy Cointreau expects: an organic decline in sales of between 15% and 18%; current operating margin to stand between 21% and 22% on an organic basis. Given sales observed in the first nine months of the year, the Group expects its full-year performance to be at the lower end of the range, or close to a decline of 18% on an organic basis.
Rémy Cointreau reiterated its financial targets for 2029-30: a gross margin of 72% and a Current Operating Margin of 33% based on 2019-20 consolidated scope and exchange rates.
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